Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
Fargusson
on 09/11/2017, 08:57:59 UTC
"A resolution has yet to be found for yesterday's Parity hack which saw up to $150 million frozen across the ethereum platform.
However, speaking to CoinDesk, Martin Holst Swende, head of security for the Ethereum Foundation, confirmed that a hard fork of the ethereum blockchain will be required to free up the funds."

Seen at: https://www.coindesk.com/ethereum-security-lead-hard-fork-required-to-release-frozen-parity-funds/

But will there be a hard fork?

We will see... But we are talking of roughly 500,000 ETH which sure makes a lot of money but isn't in any way comparable to the 11,500,000 ETH that the DAO used to hold back in the day (among which 3,600,000 ETH were stolen by the hacker). That's partly why you'll see that the hard fork isn't the solution which has the more upvotes on the Reddit thread.

IMHO, it's Parity's problem to handle and a good lesson for the next future. But there is also an interesting idea to implement an old EIP (suggested after the DAO mess) making contracts somehow fault-tolerant: read more about it here.